Pemaxx Forex Broker

Pemaxx Review SummaryFounded2023Registered CountryMauritiusRegulationFSC (Offshore regulated)Market InstrumentsForex, Commodities, Cryptos, CFDs, Indices, StocksDemo Account✅LeverageUp to 1:500Spread (EUR/USD)From 0.1 pips (ECN account); 0.3–0.6 pip on other accountsTrading PlatformMetaTrader 5 (MT5)Minimum Deposit$10Customer SupportPhone: +971588351485Email: support@pemaxx.comPemaxx Information Pemaxx, created in 2023 and registered in Mauritius, is a licensed broker with a license from the Mauritius Financial Services Commission (FSC, No. C24209694). It provides a comprehensive range of trading services, including forex, commodities, cryptocurrency, indices, and stocks, all accessible through the MetaTrader 5 platform, with several account kinds to meet the demands of different traders.Pros and ConsProsConsRegulated by Mauritius FSCNo MetaTrader 4 or cTrader platformsWide range of tradable instrumentsRelatively new, founded only in 2023Multiple account types, including ECNIs Pemaxx Legit? Yes, Pemaxx Global Limited is regulated. It holds a Retail Forex License issued by the Financial Services Commission (FSC) of Mauritius, under license number C24209694.What Can I Trade on Pemaxx? Pemaxx Global Limited provides a wide selection of tradable items, including major forex pairs, commodities, cryptocurrency, indices, and stocks. It portrays itself as a worldwide trusted partner offering a variety of trading solutions.Tradable InstrumentsSupportedForex✓Commodities✓Indices✓Stocks✓Cryptos✓Bonds✗Options✗ETFs✗Account Type Pemaxx offers seven different types of live trading accounts, as well as demo accounts for practice. It also has swap-free (Islamic) accounts. Titanium and Diamond accounts are aimed for new traders; Silver and Gold are for small to medium traders; Platinum and Elite are for experienced traders looking for better terms; and the ECN account is for professional traders looking for the lowest spread.Account TypeMinimum DepositSpread (from)CommissionSuitable forTitanium$100.6 pips0Beginners with minimal capitalDiamond$30Entry-level tradersSilver$500.5 pipsSmall account tradersGold$100Small to medium tradersPlatinum$1,0000.3 pipsAdvanced tradersElite$1,000Advanced traders needing flexibilityECN$5,0000.1 pips$7Professional traders seeking ECNLeverage Leverage Pemaxx provides leverage of up to 1:500 across its account categories. High leverage can dramatically improve gains on modest price movements, but it also increases the chance of huge losses, particularly in volatile markets, thus traders should exercise caution when using leverage.Pemaxx Fees Pemaxx Fees Overall, Pemaxx's fees are lower than industry averages, with its ECN account providing ultra-low spreads but a per-lot commission, whereas other accounts offer broader spreads but no commission.Account TypeSpread fromCommissionECN0.1 pips$7 per lotPlatinum0.3 pips0EliteGold0.5 pipsSilverDiamond0.6 pipsTitaniumTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMetaTrader 5 (MT5)✔Windows, macOS, iOS, Android, WebExperienced tradersMetaTrader 4 (MT4)❌—BeginnersDeposit and Withdrawal Pemaxx does not impose any deposit or withdrawal fees and provides commission-free transactions across all authorized payment methods. The minimum deposit varies by method, starting at $10.Payment MethodMinimum DepositFeesProcessing TimeCredit Card$100InstantBank Transfer$50PayPal$20Cheque$200